Value of Business Acquired ("VOBA") and Deferred Acquisition Costs ("DAC")

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Value of Business Acquired ("VOBA") and Deferred Acquisition Costs ("DAC")

Note 4.  Value of Business Acquired (“VOBA”) and Deferred Acquisition Costs (“DAC”)

VOBA

The change in the carrying amount of VOBA for the three and six months ended June 30, 2017 and 2016 was as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Accretion (Amortization) expense	$	(3,110	)	$	(7,602	)	$	(5,337	)	$	(12,973	)
Unlocking		256			(9	)		119			(18	)
Adjustment related to realized (gains) losses on investments		(129	)		526			(233	)		467
Adjustment related to unrealized (gains) losses and OTTI on investments		(3,088	)		(7,318	)		(3,959	)		(12,416	)
Change in VOBA carrying amount	$	(6,071	)	$	(14,403	)	$	(9,410	)	$	(24,940	)

DAC

The change in the carrying amount of DAC for the three and six months ended June 30, 2017 and 2016 was as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Capitalization	$	7		$	17		$	17		$	20
Accretion (amortization) expense		(863	)		516			(1,829	)		(416	)
Unlocking		258			(16	)		92			(26	)
Change in DAC carrying amount	$	(598	)	$	517		$	(1,720	)	$	(422	)

For a complete discussion of the Company’s accounting policies, refer to the 2016 Annual Report on Form 10-K.